$41.75 million for Noosa Fair purchase

Posted by James Ferre on 15th May 2008

A popular Sunshine Coast shopping centre has been purchased by a mystery buyer.

Colonial First State Global Management has sold the Noosa Fair Shopping Centre for $41.75 million to a “private investor” who remains anonymous. The Centre, whose major tenant is Coles, will operate as normal for the time being.

An expansion for the centre, which has previously had development plans that have not come to fruition, may subsequently be on the cards.